SunTrust Banks Brokers Increase Earnings Estimates for Athene Holding Ltd. (ATH)
Athene Holding Ltd. (NYSE:ATH) – SunTrust Banks upped their FY2017 earnings per share estimates for shares of Athene Holding in a report released on Tuesday. SunTrust Banks analyst M. Hughes now expects that the insurance provider will post earnings per share of $5.18 for the year, up from their previous estimate of $5.05. SunTrust Banks also issued estimates for Athene Holding’s Q4 2017 earnings at $1.21 EPS, Q1 2018 earnings at $1.33 EPS, Q2 2018 earnings at $1.31 EPS, Q3 2018 earnings at $1.34 EPS and FY2018 earnings at $5.35 EPS.
Several other research analysts also recently weighed in on ATH. BMO Capital Markets restated a “hold” rating and set a $62.00 price objective on shares of Athene Holding in a report on Friday, August 11th. Sandler O’Neill upgraded shares of Athene Holding from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Royal Bank Of Canada upped their target price on shares of Athene Holding from $59.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Keefe, Bruyette & Woods set a $59.00 target price on shares of Athene Holding and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research lowered shares of Athene Holding from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $59.79.
Athene Holding (NYSE:ATH) opened at $48.22 on Thursday. Athene Holding has a 1-year low of $43.25 and a 1-year high of $55.22. The firm has a market cap of $9,751.71 and a price-to-earnings ratio of 9.05.
Athene Holding (NYSE:ATH) last released its quarterly earnings data on Monday, November 6th. The insurance provider reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.06. Athene Holding had a net margin of 22.66% and a return on equity of 13.31%. The firm had revenue of $863.00 million for the quarter, compared to the consensus estimate of $852.85 million.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB bought a new position in Athene Holding during the second quarter valued at about $120,000. LS Investment Advisors LLC bought a new position in Athene Holding during the second quarter valued at about $144,000. Daiwa Securities Group Inc. bought a new position in Athene Holding during the second quarter valued at about $149,000. Public Employees Retirement Association of Colorado grew its position in Athene Holding by 147.0% during the third quarter. Public Employees Retirement Association of Colorado now owns 3,379 shares of the insurance provider’s stock valued at $182,000 after buying an additional 2,011 shares during the period. Finally, North Star Investment Management Corp. bought a new position in Athene Holding during the second quarter valued at about $188,000. Institutional investors own 47.76% of the company’s stock.
Athene Holding Company Profile
Athene Holding Ltd. is an insurance holding company. The Company’s segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue and reinsure retirement savings products and institutional products. Retirement Services has retail operations, which provide annuity retirement solutions to its policyholders.
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